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January 01, 2026 (MLN): The Oil and Gas Development
Company Limited (PSX:OGDC), operator of the Nashpa Exploration License with a
65% stake, in partnership with Pakistan Petroleum Limited (PPL) holding 30% and
Government Holdings (Private) Limited (GHPL) with 5%, has made a notable oil
and gas discovery at the Baragzai X-01 (Slant) exploratory well in the Datta
Formation, District Kohat.

During the cased-hole Drill Stem Test (DST-02) in the
Jurassic-age Datta Formation, the well produced 4,100 barrels of oil per day
(BOPD) and 10.5 million standard cubic feet of gas per day (MMSCFD) at 32/64”
choke size, with a wellhead flowing pressure of 3,880 psig.

The Baragzai X-01 (Slant) well, which began drilling on
December 30, 2024, reached a total depth of 5,170 meters into the Kingriali
Formation, according to the company’s statement issued today.

Approximately 187 meters of the Datta Formation were
encountered.

Strong hydrocarbon shows during drilling, petrophysical
evaluations from open-hole wireline logs, and fracture indications from image
logs prompted the cased-hole drill stem test.

Earlier, successful cased-hole testing (CHDST-01) in the
Triassic-age Kingriali Formation had already indicated hydrocarbon potential.

This discovery is expected to contribute to closing the
energy supply demand gap using indigenous resources and will strengthen the
hydrocarbon reserves of OGDCL, its joint venture partners, and Pakistan.

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